Going concern assessments (52409078) - Online

Going concern is one of the fundamental assumptions in determining how to prepare a set of financial statements.

Learn the importance of going concern during the preparation and presentation of financial statements. Also learn respective responsibilities of managers and auditors in relation to going concern.

Learning objectives

Explain the concept of going concern and why it is important

Identify potential indicators of going concern issues

Identify and apply the requirements of management and those charged with governance in relation to the assessment and reporting of going concern

Identify and apply the requirements of auditors in relation to the assessment and reporting of going concern

Audience

This course is suitable for accountants responsible for the preparation and presentation of financial statements. It also covers the respective responsibilities of preparers and auditors in relation to going concern.